A charter granted on November 14, 1955, by the Court of Common Pleas of Allegheny County, Pennsylvania, pursuant to the provisions of the Non-Profit Corporation Law of the Commonwealth of Pennsylvania of 1933, as amended, provides:

1. That the name of the corporation is “The Theta Xi Educational Foundation of Pittsburgh” and it shall “exist perpetually.”
2. That the “corporation does not contemplate pecuniary gain or profit, incidental or otherwise, to its members.”
3. That the purposes for which it is formed are: “To foster, promote, sponsor, aid, and encourage education of students at Carnegie Institute of Technology and such other college and universities as the corporation may select; and generally to use such lawful means as many be necessary for the accomplishment of the purposes aforesaid.”
4. That the corporation is “organized upon a non-stock basis.”
5. That the “carrying on of propaganda or otherwise attempting to influence legislation, or interfering in political campaigns are prohibited.”
6. That “upon dissolution, voluntarily or involuntarily, all the property and assets held by this corporation at that time, after the payment of debts, shall be distributed to Theta Xi Foundation, an educational and charitable trust, to be used exclusively for educational purposes; otherwise distribution shall be made to such college or university for educational purposes as the court having jurisdiction of such dissolution shall direct so that such property and assets shall not be diverted from the purposes for which they were received.”